Joint Programme Factsheet
Tools for » JP Financing a Green, Inclusive and Sustainable Recovery
In Focus

Fund Dates

  • Start Date: January 2021
  • End Date: December 2023

 

Key Documents

About

Executive Summary:

The Programme will build on the Multi-Partner Trust Fund (MPTF) established with the support of the Governments of Italy and Germany as an initiative of the Secretary-General to support his strategy to scale up finance for the 2030 Agenda.  The effort was followed shortly after by the Secretary-General Strategy for Financing the 2030 Agenda for Sustainable Development with the aim of transforming the financial system, from global to local levels, in support of the 2030 Agenda by addressing the barriers that constrain channeling finance towards sustainable development and leveraging opportunities to increase investments in the SDGs at scale.

In the years since the adoption of the Strategy, the financing landscape has changed significantly and with this new cooperation with the Government of Italy to harness the power of financial systems for inclusive and sustainable development in the current context. In 2020, the first year of the Decade of Action, the COVID-19 pandemic has dramatically set back progress towards both financing and achieving the SDGs. The SDG Financing Gap is estimated to increase by up 70% to US$4.2 trillion by the end of 2020 due to both escalating needs and declining resources. It is in this context that the bilateral partnership between the Italian Ministry of Environment and the Executive Office of the Secretary-General of the United Nations for the years 2021-2023 has been envisioned.

The partnership seeks to enhance synergies between the agendas of the Government of Italy and the United Nations to harness the power of the global financial system in support of the 2030 Agenda and Paris Agreement on Climate Change, bearing in mind that Italy is poised to play a key role in advancing the Financing for Development Agenda as President of the G20 until November 2021, co-host of UNFCCC COP26, and host of the pre-Summit on Food Systems. The cooperation also aims to provide targeted support to vulnerable countries and regions including SIDS, LDCs, and the Sahel, which are key geographical areas of focus for both entities, and which have been disproportionately affected by the COVID-19 crisis.

The pathways, or theory of change, to achieve this goal are as follows: If the UN System, in collaboration with partners, harnesses the power of financial systems, facilitates access of developing countries to sustainable finance, leverages climate finance and digital finance, with a focus on SIDS, LDCs, Africa, and in particular the Sahel, and supports the alignment of food systems with the SDGs, then Member States will have the capacity to foster a green and inclusive recovery from the COVID-19 crisis, consistent with the 2030 Agenda for Sustainable Development and Multilateral Environmental Agreements, including the Paris Agreement on Climate Change. The five areas that have been identified are: (i) scaling up green finance; (ii) improving the access of countries to sustainable and green finance; (iii) accelerating innovative and digital funding mechanisms for the SDGs; (iv) channeling private investment to the SDGs; and (v) supporting food systems transformation in support of the SDGs

 

Recent Documents

This tab shows only recent documents relevant at the Fund level. To see more documents at both the fund and project level go to the Document Center.

Key Figures
Funding Status
Participating Organizations are required to submit final year-end expenditures by April 30 in the following year; Interim expenditure figures are submitted on a voluntary basis and therefore current year figures are not final until the year-end expenditures have been submitted.
Total as of
Values in US$
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Funds with Administrative Agent
Contributions from Donors 5,763,998  
Interest and Investment Income (from Fund) 2,266  
Interest (from Participating Organizations) 0  
Total source of funds   5,766,264
Transferred to Participating Organizations 5,031,346  
Refunds from Participating Organizations 0  
Administrative Agent Fee 57,640  
Direct Cost 0  
Bank Charges 0  
Total use of funds   5,088,986
Balance with Administrative Agent   677,278
As a percentage of deposits   11.8%
Funds with Participating Organizations
Transfers to Participation Organizations 5,031,346  
Total resources   5,031,346
Participating Organizations' Expenditure 0  
Refunds from Participating Organizations 0  
Total expenses     0
Balance with Participating Organizations   5,031,346
As a percentage of transfers   100.0%
Total Balance of Funds   5,708,624
As a percentage of deposits   99.0%
Delivery Analysis
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Projects
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Contacts

For Policy and Programme Issues

  • Ms. Lara Blanco Rothe, Deputy Director, Sustainable Development Unit, EOSG; E-mail: lara.blanco@un.org


For Fund Administrative Agent Issues in New York

Multi-Partner Trust Fund Office (MPTF Office), Bureau of Management, United Nations Development Programme, New York, USA; Fax: +1 212 906 6990;  

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